The 2008 elections led, after all, to a very important piece of health care legislation that’s not going to be repealed during the 112th congress. In other words, even after the soon-to-come revival of conservative political fortunes the health policy status quo is going to settle well to the left of where it was before the election. And it seems overwhelmingly likely to me that had Kay Hagan and Al Franken not won their close elections in North Carolina and Minnesota that the Affordable Care Act never would have passed. So as far as elections go, that’s a pretty big deal.
By contrast, looking ahead even if the Democrats defy expectations and eke out a narrow House majority they’re not going to turn around and pass a cap-and-trade bill. And if Republicans defy expectations and pick up 65 House seats instead of 55 House seats, that’s not going to conjure up the votes to scrap the minimum wage. In any remotely plausible range of outcomes, we’ll be looking at an era where either nothing happens or else compromises are reached between the party leaders.
